Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2020

• 30 November 2020 6:41 pm

  Germany’s Merkel: Economic Consequences of Pandemic to Stay With Us For Years

  

  The economic consequences of the coronavirus pandemic will be felt for years to come, German Chancellor Angela Merkel said on Monday, as reported by Reuters. “I hope we can find a solution to ensure the passing of the recovery fund and the EU budget,” Merkel added

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• 30 November 2020 6:05 pm

  Germany: Annual HICP declines to -0.7% in November

  

  Inflation in Germany, as measured by the Consumer Price Index (CPI), was -0.8% November, Destatis reported in its flash estimate on Monday. This reading followed the 0.1% increase seen in October and missed the market expectation of -0.7%. Further details of the publication revealed that theHarmonized Index of Consumer Prices …

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• 30 November 2020 5:39 pm

  S&P Global Buys IHS Markit in $44bn Deal

  

  S&P Global Inc. has agreed to buy IHS Markit Ltd. for about $44bn in stock, a deal that accelerates the wave of consolidation among the finance industry’s biggest data providers. The mega transaction, which IHS Markit CEO Lance Uggla told employees in a note that has been in the works …

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• 30 November 2020 4:57 pm

  Huawei no Longer Allowed to be Added to UK 5G Network From September

  

  Britain has laid out detailed plans to ban Huawei from its 5G networks, and has set a deadline in September 2021 for telecom operators to stop installing the Chinese company’s equipment. The UK government decided to ban Huawei’s 5G equipment over the summer, and reverse course after mounting pressure from …

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• 30 November 2020 4:13 pm

  Oil prices decline 2% Before OPEC+ Meeting Results

  

  Crude oil prices fell on Monday, November 30, as investors awaited the decision of the OPEC+ producers’ group on whether to extend large production cuts to balance global markets, but the hopes of the vaccine helped keep the two benchmarks on a path of more than a fifth since the …

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• 30 November 2020 3:01 pm

  Turkey’s Economy Grows 6.7% in Q3

  

  Data showed that Turkey’s economy grew more than expected at 6.7% in the third quarter, to recover after shrinking about 10% in the previous quarter due to the general isolation measures that were imposed to reduce infections during the first wave of the outbreak of the Coronavirus. This sudden growth, …

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• 30 November 2020 2:11 pm

  Turkey’s Trade Deficit Rose by 34% in October

  

  Data from the Turkish Statistical Institute showed that the country’s foreign trade deficit rose 34.4% year-on-year in October to $ 2.37 billion under the general trade system. The institute stated that Turkey’s exports increased by 5.6% and imports rose 8.4% compared to October 2019. In the first ten months of …

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• 30 November 2020 1:41 pm

  European Shares Fall at The End of a Glorious Month

  

  The benchmark index of European stocks opened lower on Monday, November 30, amid a focus on negotiations over the Brexit deal, but it is still on track to record its best monthly performance ever thanks to the prospect of easing coronavirus restrictions and the hopes of a Covid-19 vaccine. After …

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• 30 November 2020 1:14 pm

  OPEC+ Trying to Solve The Balance Dilemma in Its Two-Day Meeting

  

  Crude oil futures were trading lower on Monday morning, with markets closely watching the results of the two-day meeting of OPEC and its allies, known as OPEC +, in which the next steps for production policy are discussed. The meeting may start at 13:00 GMT Monday. Russia has not yet …

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• 30 November 2020 6:52 am

  Weekly Recap 23-27 Nov

  

  Despite the promising news about the Corona vaccine, markets are still turbulent with the increase in Corona cases around the world and the imposition of new measures to limit the spread of the virus, which affects the entire market in turn. Oil rose more than 30% from its lowest level …

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• 28 November 2020 1:02 am

  Unemployment in Brazil Rises to Highest Level on Record

  

  The unemployment rate in Brazil increased to its highest level ever, official data showed on Friday. The unemployment rate in the three months to September increased to 14.6% from 14.4% in the three months to August. Meanwhile, the number of unemployed rose to another record of 14.1 million from 13.8 …

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• 28 November 2020 12:56 am

  Oil Ends Mixed in Anticipation for OPEC Summit

  

  Oil prices ended Friday on a mixed note, awaiting the upcoming OPEC summit. Brent crude futures for January delivery rose by 38 cents, or 0.8%, to close at $48.18 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures for January delivery closed lower by 18 cents, or 0.8%, at …

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• 28 November 2020 12:47 am

  Gold Records Biggest Weekly Decline in Two Months

  

  Gold prices plunged on Friday, ending the week with the biggest losses in about two months. Gold futures for February delivery declined by $23.10, or 1.3%, to settle at $1,788.10 per ounce. Meanwhile, gold futures for December delivery finished lower by $23.60, or 1.3%, to close at $1,781.90 per ounce. …

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